Cement News tagged under: China

Following its acquisition of Binani Cement, UltraTech Cement is now looking to sell the 3Mta integrated cement plant in China and 2.5Mta grinding plant in UAE it inherited as part of the deal. Prior to the agreement with UltraTech, Binani had tried to sell its 90 per cent stake in the Chinese plant but was unsuccessful. Finding a buyer for the UAE grinding works is also expected to be difficult due to overcapacity in the country.
Meanwhile, UltraTech is pushing ahead with its plans to est...

China’s Huaxin Cement Co Ltd has started construction on the 1.2Mta cement plant in Zafarabad district, Jizzakh region in Uzbekistan. Output from the plant is expected to be 480,000t of M400 Portland cement and 720,000Mt of M500 cement with 10 per cent of volumes earmarked for export. The facility represents an investment of US$150m, financed through direct investment and borrowed funds. As part of he investment project implementation, Huaxin Cement Co established a foreign subsidiary, H...

Chinese researchers at Ximjiang Communications Construction Group Co Ltd claim to have developed a low-cost and environmentally-friendly cement with ingredients that include natural soil and wind-blown sand. The new 'green cement' also includes construction waste and steel slag and is said to halve both construction costs and time. The cement has been developed to be used in the construction of road infrastructure, railway lines, airports, forestry, agriculture, water conservancy, electric ...

Shanshui Cement has narrowed its loss to CNY-210.89m (US$-31.3m) for the 1Q19, according to a company statement. In the 1Q18 the company loss reached CNY-471.22m. Shanshui’s operating revenue increased by 41.5 per cent YoY to CNY2.58bn in the first quarter while its gross profit was CNY682.03m, up 43.3 per cent YoY.

China's cement output has fallen from a peak in 2014 but will hold steady through 2020, according to a report from global ratings agency Moody’s. The lower production volume reflects the closer of inefficient capacity and winter production, where the government reportedly seeks to reduce emissions. "The lower production volume and steady demand support the price of cement," said Roy Zhang, assistant vice president and analyst. "Such prices will help sustain producer margins." Prices are ...

Chinese cement major Anhui Conch Cement Co posted a 27.3 per cent YoY increase in net profits in the first quarter of 2019 following strong growth last year. Conch Cement said in a filing to the Shanghai Stock Excchange it earned a net profit of CNY6.08bn (US$903.5m) in the first three months of the year. Revenues surged 62.5 per cent to CNY30.5bn.

Anhui Conch’s impressive 88 per cent YoY leap in profits last year is being attributed to China’s crackdown on polluting industries, including steel, coal and cement. The crackdown resulted in a reduced supply of cement in the country, boosting the price of the commodity by around 22 per cent to an average of CNY427/t (US$63.56/t). Despite the squeeze on supply, investment in construction remained stable, expanding by 9.5 per cent in 2018, according to Caixin Global.
The Chinese cement se...

Chemical company Wacker has opened a new competence centre for cement and concrete applications in Shanghai. The laboratory will develop silicone products that improve the properties of and longevity of cement and concrete in a sustainable way, with a particular focus on performance-enhancing silicone additives. "The new centre of excellence in Shanghai will help our clients face these challenges and capitalise on the opportunities they bring," said Paul Lindblad, president of Wacker Great...

The Global Cement and Concrete Association (GCCA) has added cement companies from India, China, Peru and Mexico to its growing global membership base which now totals 36 member companies and 15 affiliates. The new members are Corporacion Moctezuma (Mexico), Unión Andina de Cementos SAA (Peru), JSW Cement (India) and West China Cement (China). Benjamin Sporton, chief executive officer of GCCA said: "The continuing and rapid growth of the Association’s membership is very encouraging. With a ...